Top five risk management challenges at global banks

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When respondents were asked to identify the top risk management and control challenges facing their organizations, five themes quickly surfaced and reverberated throughout our discussions. Taken together they form an image of an industry striving to regain its footing in a still-fluid economic and regulatory landscape.

The overwhelming top-of-mind issue – cited by 72% of respondents – is regulatory uncertainty. New regulations are expected to impose restrictions on capital, liquidity, risk management and compensation practices, but how strict they will be and how soon they will take effect remains to be seen. Anticipating and addressing the potential impact of these new rulings on their organizations is a time-consuming and often frustrating task for company leaders.

Altogether, the top five risk management challenges revealed in the survey include:

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.